Cosmos-based Osmosis launches concentrated liquidity, lets LPs select worth

The Cosmos-based decentralized alternate Osmosis (OSMO) has launched a brand new “concentrated liquidity” function, in accordance with a July 12 announcement from the app’s developer, Osmosis Labs. The brand new function permits liquidity suppliers (LPs) to decide on a minimal and most worth to supply to purchase or promote crypto.

The Cosmos ecosystem is an internet of blockchain networks that use the Cosmos software program growth equipment and are linked by means of the Inter-Blockchain Communication (IBC) protocol. Osmosis is likely one of the largest decentralized exchanges (DEXs) within the ecosystem, doing roughly $120 million in quantity every day, in accordance with knowledge from DefiLlama.

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